What is a Cash Home Sale?

You have probably seen signs around Detroit, Michigan that read “We Pay Cash for House” or “Sell Your House Fast”. However, you may not know what the signs mean or the people behind them. If you need to sell your house fast, now is a good time to find out more about the buyers that post those signs and how they can help you save time and money selling your home.

Selling your house as-is for cash is a smarter alternative to a traditional sale. A buyer can work with you directly to sell your house fast in Detroit, Michigan so that you can unload your property or get out of your mortgage. Below, we take a closer look at a cash home sale and how it helps sellers.

Learn More About a Cash Sale in Detroit, Michigan

A buyer is a professional real estate investor that pays cash for homes. Many buyers purchase properties to flip them or rent them out. Some buyers also purchase homes to fix them up and improve the value of the property and the surrounding neighborhood. Buyers are typically not real estate agents or brokers, although some of them may have their realtor license. 

Buyers do not buy your house the traditional way. There is no realtor involved, approval for a traditional mortgage, or long, complicated closing process. Instead, the buyer approaches you directly to pay cash for your house. The process is simple and usually takes seven to 21 days to complete. You can sell your house fast and walk away with no strings attached.

How Does a Home Cash Sale Work? 

If you have ever sold a house before, you know how frustrating it can be finding a realtor, making repairs, negotiating with potential buyers, and closing the sale. A cash sale helps you avoid the hassle of selling your house by eliminating all the hoops you have to jump through to make the transaction. You can sell your house as-is in three easy steps.

Step 1: Contact a Local Home Buyer

The first step is to find and contact a local home buyer in the area. Call the buyer and schedule a walkthrough of the property. The buyer will assess your property to decide if they are interested in paying cash for your house.

Step 2: Get a Fast Cash Offer

If the buyer likes the house they will make an offer on the property. Most buyers can make an offer within 24 to 48 hours so that you do not have to wait. The offer will typically come in at just below the current market value of your house.

Step 3: Get Paid Cash for Your House

If you accept the buyer’s offer, you will schedule a convenient closing date. The buyer will most or all of the closing costs. If the process goes smoothly, you may be able to close the sale of your house within seven to 21 days.

What Are the Benefits of Working with a Cash Home Buyer?

A traditional home sale may not work in your particular situation. If you need to sell your house fast, you may not have time to list your house on the market and wait to find a buyer. There are several reasons why working with a cash home buyer in Detroit, Michigan is a better option.

Work with a Pre-Qualified Single Buyer

Showing your house to multiple people, negotiating with buyers, and finding someone who actually gets approved for a mortgage loan can take the wind out of your sales quickly. It can be refreshing working with a single buyer who is already interested in buying your house and can pay cash. 

Sell Your House How and When You Want

Do you really want to sweat it out for months spending endless time and money in the hopes of finding a buyer? It can take up to six months to list the property, repair the house, and get an approved buyer. When you work with a local home buyer, you can sell your house when you want. Buyers can close deals in as little as seven to 21 days. Sell your house fast and move on.

Avoid Selling Costs

If you think you can make a sizable profit on your house, then you may want to think again. Selling a house is expensive. You are likely to spend thousands of dollars on marketing costs, realtor commissions, repairs, inspections, appraisals, and closing costs. You can avoid all of those costs when you sell your house as-is for cash. You pay nothing and walk away with no strings attached.

Sell Your House Regardless of Your Situation

You do not have to let your situation keep you from selling your house. Cash home buyers work with sellers in all types of situations including bankruptcy, foreclosure, divorce, new job, relocation, forbearance, damaged house, rental properties, inherited property, vacant house, or late mortgage payments. 

Get a Fast Cash Offer From M1 Home Buyers

If you need to sell your house fast in Detroit, Michigan, contact M1 Home Buyers. Our cash home buyers can look at your property, make a fair cash offer, and close the sale in as little as seven days. Call us today at 248-397-5800 and get a fast cash offer.

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